Current Affairs – March 28 2023
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Current Affairs – March 28 2023
1. World Bank approves $108 million loan for Assam’s flood management project
The World Bank has given the nod to provide a loan of $108 million (about ₹ 889 crores) to assist Assam in its efforts to improve its disaster preparedness and enhance flood forecasting.
The multilateral bank has stated that around six million individuals will benefit from this project, which is part of a larger investment program worth $500 million for the state.
The main aim of the Assam Integrated River Basin Management Project is to build eco-friendly infrastructure in the Beki and Buridehing river basins to lessen the impact of floods and river erosion on the state, ultimately safeguarding around one lakh individu
Objectives and benefits of the Assam Integrated River Basin Management Project
In addition, the project aims to improve the state’s response to disasters by enhancing flood forecasting and early warning systems, including mobile alerts.
It will provide better evacuation and shelter facilities, with access to climate-resilient flood shelters to benefit at least 10,000 people.
2. ‘Ironman’ Krishna Prakash becomes first person to swim from Gateway of India to Elephanta Caves
As part of the ‘Drowning Prevention Awareness’ campaign, Indian Police Service (IPS) officer Krishna Prakash swam from Gateway of India to Elephanta Caves, Mumbai.
He completed the expedition of 16.20 kms in just 5 hours 26 minutes and became the first person in history to do so. This is far from the first time the IPS officer broker broke records in sporting competitions.
Prakash has accomplished a remarkable achievement in sports in the past as well. In 2017, he was praised for finishing the Ironman Triathlon, a competition that demands participants to swim 3.8 kilometers, bike ride for 180.2 kilometers, and run for 42.2 kilometers within a span of 16-17 hours.
3. Malayalam’s comedy king Innocent passes away at 75
A Malayalam comedy superstar Innocent Vareed Thekkethala, who acted in more than 750 films and served as an independent MP for the Chalakkudy constituency in the 16th Lok Sabha elections, has passed away at the age of 75. He was also the President of the Association of Malayalam Movie Artists (AMMA) for 18 years.
The actor was also a writer and published five books based on his life experiences. Innocent was a significant figure in the film industry, and he defeated Congress heavyweight PC Chacko in the 16th Lok Sabha elections but lost in 2019.
4. Amit Shah unveils the statues of Lord Basaveshwara and Nadaprabhu Kempegowda in Bengaluru
Union Home Minister and Minister of Cooperation Shri Amit Shah unveiled the statues of Lord Basaveshwara ji and Nadaprabhu Kempegowda ji at the State Assembly premises in Bengaluru, Karnataka.
Lord Basaveshwara and Nadaprabhu Kempegowda are two prominent historical figures from Karnataka, a state in southern India. These statues will continue to give Basavanna ji and Kempegowda ji’s message of social justice, democracy, good governance and development to those who get elected in the assembly.
5. Second Infrastructure Working Group Meeting begins in Vishakhapatnam
The second G20 Infrastructure Working Group (IWG) meeting under G20 Indian Presidency is scheduled to take place in Vishakhapatnam, Andhra Pradesh, on 28th and 29th March 2023.
Around 63 delegates from G20 member countries, invitee countries and international organisations will participate in the meeting to further the discussions on the 2023 Infrastructure Agenda under the Indian G20 Presidency and follow up on the discussions held during the first IWG meeting held in Pune in January 2023.
What is the Theme for G20?
The Indian G20 Presidency’s theme of ‘One Earth, One Family, One Future’ sets the tone for the 2023 Infrastructure Agenda under the 2023 Indian G-20 Presidency.
The flagship priority to be discussed in this meeting is “Financing Cities of Tomorrow: Inclusive, Resilient and Sustainable”, along with other priorities outlined in the 2023 Infrastructure Agenda.
6. EPFO fixes 8.15% interest rate on employees’ provident fund for 2022-23
- Employees’ Provident Fund Organisation (EPFO) has fixed an 8.15% interest rate on employees’ provident fund (EPF) deposits for 2022-23.
- In March 2022, EPFO lowered the interest on EPF for 2021-22 to 8.1% for its about five crore subscribers, from 8.5% in 2020-21.
- After the CBT’s decision, the interest rate on EPF deposits for 2022-23 will be sent to the Ministry of Finance for concurrence.
- EPFO provides the interest rate only after finance ministry ratification.
7. Sacred Hopi site in Arizona awarded ICOMOS Water and Heritage Shield 2023
A site located in Arizona, United States and sacred to the Hopi Native American Nation has been awarded a ‘Water and Heritage Shield’ by the International Committee On Monuments and Sites International Science Committee.
The Shield was awarded to the Black Mesa Trust (BMT), a Hopi grassroots organisation, on March 25, 2023, in a ceremony live-streamed on Zoom.
8. S&P keeps India’s economic growth forecast unchanged at 6% in FY24
According to S&P Global Ratings, India’s economic growth is projected to be at 6% in the fiscal year starting April, rising to 6.9% in the following fiscal year.
In a quarterly update for the Asia-Pacific region, the agency saw inflation rate easing to 5% in 2023-24 fiscal, from 6.8% in the current financial year.
The agency’s projections for the country’s GDP saw the indicator growing by 7% in the current financial year (ending March 31), later slowing down to 6% in 2023-24.
9. Archana Suseendran clinched double gold in AFI Indian Grand Prix 2
Tamil Nadu’s Archana Suseendran beat Hima Das in the 100m final and made the most of the Assam sprinter’s disqualification in the 200m to claim a double and steal the thunder in the women’s events in the AFI Indian Grand Prix 2 at the Lakshmibai National Institute of Physical Education.
Archana Suseendran won the 100m in 11.52 seconds, 0.22 seconds ahead of Hima Das, and the 200m in 23.21 seconds. The AFI Indian Grands Prix 3 and 4 will be held in Bengaluru on April 10 and 15.